PALOS VERDES ESTATES, Calif., Oct. 09, 2025 (GLOBE NEWSWIRE) — Malaga Financial Corporation “Company” (OTCIQ:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the nine months ended September 30, 2025 was $16,431,000 ($1.74 basic and fully diluted earnings per share) compared to $17,339,000 ($1.84 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2024) for the same period ended September 30, 2024, a decrease of $908,000 or 5%. This decrease was in part a result of the one-time Employment Retention Credit (ERC) credit of $500,000 reported as non-operating income in 2024. Net income for the quarter ended September 30, 2025, was $5,481,000 ($0.58 basic and fully diluted earnings per share), a decrease of $67,000 or 1% from net income of $5,548,000 ($0.59 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2024) for the quarter ended September 30, 2024. For the first nine months of 2025, the Company’s annualized return on average equity was 10.15% and the annualized return on average assets was 1.57%.
